Saucy Fish Co owner is in “great shape”, says CEO Simon Smith
US cereal group Post Holdings has placed a £1.4bn bet on the post-Brexit opportunities for Weetabix
LDC confirms secondary buyout at Addo Food Group Subscription
Details of the transaction have not been disclosed, but the deal – revealed exclusively by The Grocer last week – is understood to value Addo at upwards of £100m.
The CMA issued an extension notice yesterday after Heineken failed to provide some of the information needed
Rivington Biscuit brands marketed for sale Subscription
Brands manufactured by failed biscuit supplier Rivington Biscuits are being marketed for sale by an IP consulting firm.
More than 150 staff have lost their jobs at consumer goods packaging maker Pulse Flexible Packaging despite administrators recommencing manufacturing at the firm’s two sites.
Fish processor Aquila Processing, which supplies Aldi, has called in administrators to help secure a rescue deal after being hit by the weak pound.
Post Holdings seals £1.4bn Weetabix deal Subscription
US cereal group Post Holdings has announced it has secured a £1.4bn buyout of Weetabix from its former Chinese owners.
Post Holdings announces £1.4bn Weetabix deal Subscription
Weetabix has been bought by US listed cereal manufacturer Post Holdings – as forecast by The Grocer - for US$1.76bn (£1.4bn)
Private equity firm LDC has backed the management buyout of custard creams and bourbons maker Hill Biscuits, in a deal valued at £10m to £15m, The Grocer can reveal.
With Whitworths up for sale, its private equity owner is set to take a bath on its investment
City snapshot: LDC poised for £100m Addo deal Subscription
Private equity house LDC is closing in on a takeover of Vision-owned pork pie supplier Addo Food Group worth over £100m. Plus, Saucy Fish Co owner Icelandic Seachill prepares for sale, PZ Cussons on target to hit full-year targets and all the rest of the latest news from the City.
Private equity house LDC is closing in on a takeover of pork pie supplier Addo Food Group to add another food business to its portfolio
BrewDog – which swore it would never ‘sell out’ to institutional investors – has sold a 22% stake to a US PE house
Tesco own-label drinks supplier Refresco has rebuffed a takeover bid from French private equity giant PAI Partners
Seachill is currently the last remaining food business within the Icelandic Group
American food wholesaler Innovative Bites has swooped to add Hancocks Cash & Carry to its growing confectionery empire in a deal worth about £100m, The Grocer can reveal.
Oscar Mayer acquired by German PE house Subscription
UK ready meals supplier Oscar Mayer has been bought by German private equity player Deutsche Beteiligungs (DBAG) as it seeks to build a new European food group.
The companies said the merger would result in yearly savings of £8m to £12m
John Menzies-DX Group tie-up 'good news' says NFRN Subscription
The companies said the merger would result in savings of £8m to £12m each year…
The results of Unilever’s much-anticipated strategic review didn’t come as a great surprise to the City, but what did the analysts make of the announcement.
Selling off food assets seems to be all the rage these days
Reckitt Benckiser’s sell-off of its food division is “just the start of a wave of M&A activity for fmcg companies”.
Unilever has announced the results of its strategic review this morning, confirming its intention to sell its spreads division as well as combined food and drink into one business, simplify its structure, launch a share buyback programme and increase dividends. Plus all the latest news from the City
Real Good Food buys majority stake in Brighter Foods Subscription
Real Good Food has acquired a majority stake in Welsh snack food manufacturer Brighter Foods for up to £9m.
Weetabix is still a fundamentally British company not an international company based in Britain
Tesco’s planned £3.7bn merger with Booker hung like a huge shadow over what was otherwise a resurgent set of results
Fresh on the heels of Unilever’s reported plan to sell its problematic spreads division, Reckitt Benckiser has confirmed it is exploring the sale of its own food division
Reports that Unilever is preparing to sell off its spreads business make sense as the group looks to return cash to shareholders, but ‘Sprexit’ alone won’t be enough to satisfy its increasingly demanding investors.
Mergers and acquisitions pose the question of how to maximise the value and growth potential of a portfolio of brands
Polman must act. And fast. Subscription
That was awkward. The barbarians are at the gate. Two days later they’ve sloped home
Will Warren Buffett and his Kraft-Heinz mob be back? Subscription
The £115bn bid for Unilever has been called off, but it’s sent shockwaves through the fmcg sector
With the announcement that the offer is off the table from the Americans, we ask where does all this manouvering leave Unilever and Kraft Heinz?
Unilever’s strongly worded rejection of Kraft Heinz’s £115bn approach today did not sound like the words of a board about to roll over and accept a slightly higher offer.
What happens now? How likely is Kraft Heinz to up its bid price? And will CEO Paul Polman allow the company to slip from his control?
Leading City analysts react to Kraft Heinz’s bid for Unilever
David Sables of Sentinel Management Consultants explains how suppliers should best approach negotiations with Tesco and Booker